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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? . >>> californians woke up to sticker shock today after gas prices jumped up to 20 cents a gallon in some areas leave night. triple -- aaa said the average cost is 4 degrees $.49 a gallon, the highest in the nation. in fact, some stations ran out of gas and clothes rather than pay the cost. fox's bob decastro has more from los angeles tonight. >> reporter: it's been a surprise to costco customers, and now, customers coming here and lining up for gas, finding out they're completely out. costco, a company that does not have its own refinery and finds gas on an open market, which is in short supply and so, they are simply out here, one of the 12 cost keys in southern california that is -- cost keys that are out of gas and people are seeing prices at the pump. higher near 20 cents since yesterday to nearly $4.54
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? . >>> californians woke up to sticker shock today after gas prices jumped up to 20 cents a gallon in some areas leave night. triple -- aaa said the average cost is 4 degrees $.49 a gallon, the highest in the...
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Oct 4, 2012
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$2,000 while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the conontent of this advertisin >> a new study is drawing a connection between childbirth impressed cancer. >> this unusual link. >> she works in finance, a young wife and mother to four-year- old. one day at work, she received a phone call that changed her life. >> i am sorry to tell you, you have breast cancer. >> 32 years old, and she was healthy and now diagnosed with breast cancer. her first thought was not been around for hircine. >> i want to see the first day of kindergarten. >> she had a bilateral the ceo -- a bilateral mastectomy and chemotherapy. >> i did not go ride a bike with them. i cannot do those things. >> breast cancer is an uncommon in women so young. a woman's risk of breast cancer goes up in the five years or so after she has a child. one-third of the 25,000 cases diagnosed in women under 45 or incidents of postpartum breast cancer.
$2,000 while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the conontent of this advertisin >> a new study is drawing a connection between childbirth impressed cancer. >> this unusual link. >> she works in finance, a young wife and mother to four-year- old. one day at work, she received a phone call that changed her life. >> i am sorry...
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david: president obama almost certain to characterize mitt romney's tax plans tonight as tax cuts for the rich, or awe kise him of advocating trickle-down economics as he has done before but is that a fair characterization. where did it come from? famed economist thomas sowell has been looking into all this. he wrote an essay, trickle down theory and tax cuts for the rich published by hoover institution press and professor sowell joins us now. professor, always an honor to have you here. thanks for coming in. >> thanks for having me. david: so has any republican actually ever advocated something called trickle-down economics? >> neither a republican nor a democrat, nor member of any other group, nor any human being that i know of ever advocated that. david: so where does it come from? >> it comes from people who are opposed to tax cuts and who say that the people who want the tax cuts just want to give more money to the rich and in hopes their prosperity will trickle down. no one has ever said that. years ago in my column i challenged anyone to name any human being who had ever said i
david: president obama almost certain to characterize mitt romney's tax plans tonight as tax cuts for the rich, or awe kise him of advocating trickle-down economics as he has done before but is that a fair characterization. where did it come from? famed economist thomas sowell has been looking into all this. he wrote an essay, trickle down theory and tax cuts for the rich published by hoover institution press and professor sowell joins us now. professor, always an honor to have you here. thanks...
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Oct 6, 2012
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we have significant features of the individual income tax, corporate income tax, the estate tax, and apparel text which expire at the end of the year. in a deep sense, we don't know what our tax code is anymore. it would be nice if we emerged on the far side of the fiscal cliff with our leaders could get us back to a situation where we actually know what the tax code is. >> thank you. our next speaker -- speaker will be bob greenstein. >> there are two risks here. the obvious risk to the economy in the short term -- if we go over the fiscal cliff and the aggregate demand comes out of the economy that we will have a relatively mild recession in the first part of 2013 and we would be back and recovery by the second half of 2013. it would be a recession on top of where we are and that is not good. the bigger risk is the rest to the economy in the long term if we keep kicking the can down the road. how do we think about this? there's an interesting report that came out several months ago from the carlyle group. i want to briefly read what it includes. it says there will be a grand bargai
we have significant features of the individual income tax, corporate income tax, the estate tax, and apparel text which expire at the end of the year. in a deep sense, we don't know what our tax code is anymore. it would be nice if we emerged on the far side of the fiscal cliff with our leaders could get us back to a situation where we actually know what the tax code is. >> thank you. our next speaker -- speaker will be bob greenstein. >> there are two risks here. the obvious risk...
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Oct 9, 2012
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two-thirds of manufacturers pay taxes as as corporations, pay the individual tax rate. if you raise taxes on the supposedly wealthy in this country, what you're doing is you're distancing thing manufacturers from investing and creating jobs. retail is the same way. small businesses matter in this country. they are the job creators and we cannot penalize them for taking risk and creating jobs. >> you are also worried about the deficit. clearly america has large and ever-growing deficits. you propose a tax cut. that's deficit spending. >> wait a minute. first of all, this is a two-step deal. everybody knows we need the big deal and we talk about that in 30 seconds. but we're not going to get to the big deal by jumping off the bridge. and what we are saying is it is not the right thing to do you have the largest tax increase in history of america and to have $1.2 trillion worth of spending cuts that don't even look at medicare and medicaid. across the board without thinking through what this big deal is going to be. and anybody from either party hould come to a realization
two-thirds of manufacturers pay taxes as as corporations, pay the individual tax rate. if you raise taxes on the supposedly wealthy in this country, what you're doing is you're distancing thing manufacturers from investing and creating jobs. retail is the same way. small businesses matter in this country. they are the job creators and we cannot penalize them for taking risk and creating jobs. >> you are also worried about the deficit. clearly america has large and ever-growing deficits....
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vovo: why won't romney levelel with us about his tax plan, which gives the wealthy trhuge new tax breaks?." if we can't trust him here...eo experdeficit to pay for it. taxes on the middle class how could we ever trust him here? >> the cold temperatures on -- on wjla.com.opic the fever of for the nationals playoff run. we are right back with a final look >> ready for the warm stuff to come back? morning, sorry. k nearl come bac wednesday. some good baseball weather. 1:00 in the afternoon for the first pitch. after that, pretty pleasant. >> i think good things will happen that day. ♪ ♪ ♪ [ male announcer ] combine the pnc cashbuilder visa credit card with a qualifying pnc performance select checking account and earn 75% more than cards earning 1% cash back on almost everything. according to an independent, non-partisan study, barack obama and the liberals will raise taxes on the middle class by $4,000. the same organization says the plan from mitt romney and common sense conservatives is "not a tax hike on t the middle class." want proof?? read the non-partisan s study for yourselelf
vovo: why won't romney levelel with us about his tax plan, which gives the wealthy trhuge new tax breaks?." if we can't trust him here...eo experdeficit to pay for it. taxes on the middle class how could we ever trust him here? >> the cold temperatures on -- on wjla.com.opic the fever of for the nationals playoff run. we are right back with a final look >> ready for the warm stuff to come back? morning, sorry. k nearl come bac wednesday. some good baseball weather. 1:00 in the...
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massive tax increase. romney cannot defend this plan on its merits, so he simply says i'll negotiate this with congress. it doesn't matter what he negotiates, there's not enough money there. it's a simple matter of arithmetic. but he's being a smooth liar about this. >> is the mathematics policy? can you offset $5 trillion with big deductions by getting rid of them when he said tonight to accomplicer, i'm going to leave the mortgage preference, the charitable preference, what is left? >> first off, you're kind of misquoting what he said. number one, he said it's not a $5 trillion dr. >> 4.8. >> but it is. i don't care what he says, he's lying. it is $5 trillion. >> bob, let me make mire point. >> don't repeat his lie without any evidence. >> i'm not repeating it. the fact you call it a lie, you take that up with him. >> no, he's the one who's lying. >> let me make the point. how does it not -- >> the fact of the matter is he's identified that what he's going to do is limply fill the tax code in a number of
massive tax increase. romney cannot defend this plan on its merits, so he simply says i'll negotiate this with congress. it doesn't matter what he negotiates, there's not enough money there. it's a simple matter of arithmetic. but he's being a smooth liar about this. >> is the mathematics policy? can you offset $5 trillion with big deductions by getting rid of them when he said tonight to accomplicer, i'm going to leave the mortgage preference, the charitable preference, what is left?...
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. >> you can do that by cutting taxes? >> those are your words, not mine. >> thank you very much, sir. >> that was kind of strange. trying to stuff words in people's mouths? >> it it sounds like you're -- >> ryan folks putting the paper in front of the camera and everything. vice presidential nominee paul ryan getting annoyed in this interview with terry camp in flint, michigan. the campaign even after the interview was over still went out of their way to trash the reporter that paul ryan walked out of that interview on. the campaign given on the record quotes calling the reporter an embarrassment. the city where that reporter works and where that interview took place does have the worst violent crime rate in the nation. so that line of questioning here for mr. ryan was understandable. maybe even predictable. but beyond the newsworthiness of paul ryan getting up and taking off his microphone and ending the interview and beyond the newsworthiness of the campaign going after this reporter, there was what that reporter was ab
. >> you can do that by cutting taxes? >> those are your words, not mine. >> thank you very much, sir. >> that was kind of strange. trying to stuff words in people's mouths? >> it it sounds like you're -- >> ryan folks putting the paper in front of the camera and everything. vice presidential nominee paul ryan getting annoyed in this interview with terry camp in flint, michigan. the campaign even after the interview was over still went out of their way to...
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Oct 2, 2012
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pairs with it fast tax legislation tax reform. it replaces the discretionary cuts across the board with longer term reductions in mandatory spending. it would be nice to see the senate come up with sending to go to conference and hammer this out. that is a way to do this. the tax reform, as i mentioned will be really hard. on february 3rd of next year, the 16th amendment, that is my birthday, so everyone write it down, the 16th amendment will be 100 years old. that's what gave us income tax. our income tax is 100 years old. in those 100 years we have had less than a handful of comprehensive reforms. so the notion we're going do that in a lame duck is insanity. it is going to be hard to do to begin with. i think we ought to acknowledge that. grease the skids as much as possible. extend current policy commit to doing tax reform and get it done in 2013 because it is part of what is necessary for us to thrive economically over the long term. >> can i make a comment on that? doug is really knocking down a straw man. nobody is suggestin
pairs with it fast tax legislation tax reform. it replaces the discretionary cuts across the board with longer term reductions in mandatory spending. it would be nice to see the senate come up with sending to go to conference and hammer this out. that is a way to do this. the tax reform, as i mentioned will be really hard. on february 3rd of next year, the 16th amendment, that is my birthday, so everyone write it down, the 16th amendment will be 100 years old. that's what gave us income tax....
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class falies rely on medicaid to help d ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >> the national's secured home advantage throughout the playoffs, snagging the best with their 98 win. now of road to the world series y when they play the between thee game the braves.d the home playoff game will be wednesday. four home playoff games, d.c. p to $76,000 for security and traffic control. d.c. officials expect the city what they spent after they estimate the city make $500,000 per game on revenue from hotel and restaurant taxes. >> despite the win for the nationals, one of the big in the form of a teddy finally winning the mascot race. big win, and as i found out, teddy still celebrating. >> what might be the longest streak in all of sports a end right here. finally got it done. -- and end right here
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class falies rely on medicaid to help d ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >> the national's secured home advantage throughout the playoffs, snagging the best with their 98 win. now of road to the world series y when they play the between...
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >> welcome back to our special coverage of the road to the world series. even see the history of baseball here in washington, d.c., goes back a long ways. unfortunately, when it comes to winning baseball in the nation's capital, it is pretty much the golden era. it has been 79 years since we have seen a post season game in washington. fans today see that they are a part of history today. you can get these standing room for $30. not forever but they have a few left if you'd like to come down to the baseball game. they put the game on its own network, so it is only being televised on mlb network. what do you do? lots of people finding other places like a local drinking establishment. for that returned to crysta
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >> welcome back to our special coverage of the road to the world series. even see the history of baseball here in washington, d.c., goes back a long ways....
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Oct 8, 2012
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? [ female announcer ] nature valley granola bars, rich dark chocolate, toasted oats. perfect combinations of nature's delicious ingredients, from nature valley. ♪ nature valley granola bars, nature at its most delicious. crispy granola, layered with creamy peanut butter or rich dark chocolate flavor. 90 calories. 100% natural. and nature...approves. granola thins. from nature valley. nature at its most delicious. share everything by turning your smartphone into a mobile hotspot for up to 8 wifi-enabled devices at no extra charge. like the new droid razr m by motorola only $99.99. according to an independent, non-partisan study, barack obama and the liberals will raise taxes on the middle class by $4,000. the same organization says the plan from mitt romney and common sense conservatives is "not a tax hike o
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? [ female announcer ] nature valley granola bars, rich dark chocolate, toasted oats. perfect combinations of nature's delicious ingredients, from nature valley. ♪ nature valley granola bars, nature at its most...
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Oct 9, 2012
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what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. don't pay any attention to that tax cut behind the curtain. >> reporter: a new pew research center poll shows that among likely voters, governor romney holds a four-point edge over president obama, 49 to 45%. governor romney is also even with the president among registered voters. they're both tied at 46%. to give you some perspective, just last month, governor romney was trail the president by nine points. such a turnaround after last week's debate. reporting live here at sfo, bob redell, nbc bay area news. >> thank you, bob. and we do have complete coverage of the president's bay area visit online at nbcbayarea.com, including insider details on the president's private events. >>> and some san francisco voters, possibly inspired by the president's visit, getting a jump on the election. they are casting their ballots this morning for that early voting. this one will run through november 6th. hours are monday through friday, set from 8:00 a.m. in the morning until 5:00 in the evening.
what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. don't pay any attention to that tax cut behind the curtain. >> reporter: a new pew research center poll shows that among likely voters, governor romney holds a four-point edge over president obama, 49 to 45%. governor romney is also even with the president among registered voters. they're both tied at 46%. to give you some perspective, just last month, governor romney was trail the president by nine points. such...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. [ male announcer ] fedex office. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did...
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Oct 9, 2012
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we also need to have comprehensive tax reform. we ought to have a tax code that's more simple, more fair, and more competitive. what i've been advocating is to reduce the tax on jobs creating businesses by 25%. the federal government is imposing the worth in the world tax of 35%. if we reduced it to 20%, over 500,000 jobs, created and $23 billion of new revenue and that would send a message to the world that america is open for business again. the other thing is that we're blessed in america with the most energy resources of any country in the world. and virginians, from our coalfields to our coasts are ready, willing and able to provide america with the energy to four our economy and if we unleashed our energy resources throughout the country, i believe we ought to do so in virginia and on day one after being sworn in as your senator, i would introduce a bill to allow us in virginia to produce oil and natural gas off our coast and use the royalties for roads and transportation, but if we did this nationwide, there would be hundre
we also need to have comprehensive tax reform. we ought to have a tax code that's more simple, more fair, and more competitive. what i've been advocating is to reduce the tax on jobs creating businesses by 25%. the federal government is imposing the worth in the world tax of 35%. if we reduced it to 20%, over 500,000 jobs, created and $23 billion of new revenue and that would send a message to the world that america is open for business again. the other thing is that we're blessed in america...
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>> tax and cut, tax and spend? which is better? it tells you if we borrow money -- why government feels it need to take our money away from us? if we have opportunity to invest it in job creation? why can't the government learn to balance its budget? why can't the government tighten its belt like everyone out here in this audience has to but this government does not want to. we're not going to be able to cut spending enough to balance the budget. we need to grow the economy in the way you grow the economy, you take every last dime out of the economy. you let that money stay in and circulate and grow and create the jobs necessary and build that more secure future. you cannot continue to tax your way into prosperity. you can't spend your way into prosperity. small business is the solution if you get the government off the backs. you can't in fact, have more people hired, keep those that already have jobs and expand our economy. you don't do it by raising taxes during a recession. >> well, the fact is if you want to talk about job cre
>> tax and cut, tax and spend? which is better? it tells you if we borrow money -- why government feels it need to take our money away from us? if we have opportunity to invest it in job creation? why can't the government learn to balance its budget? why can't the government tighten its belt like everyone out here in this audience has to but this government does not want to. we're not going to be able to cut spending enough to balance the budget. we need to grow the economy in the way you...
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Oct 6, 2012
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rates and lowering tax revenues. he wants to lower the rates for the rich, and for everybody else. but he says, by eliminating loopholes and deductions to which the rich have much more access than anybody else, they will broaden the base and leave the revenue neutral or increase revenue. he says, i will not allow the share of the taxes that the rich are paying to go up. that undoes $100 million worth of obama advertising in 5 minutes. >> sean: you know, it's funny. i said something very similar -- on my radio program. it is amazing because they spent millions of dollars to position mitt romney and create a narrative about mitt romney and a caricature of mitt romney. wants dirty air, dirty water and doesn't care about children with autism or down's synd scprom wants to throw granny over the cliff. romney rendered all of those millions of dollars wasted. there is a side by side and people saw for themselves, a very different person than a caricature that the democrats were painting of him. where does he go from here? h
rates and lowering tax revenues. he wants to lower the rates for the rich, and for everybody else. but he says, by eliminating loopholes and deductions to which the rich have much more access than anybody else, they will broaden the base and leave the revenue neutral or increase revenue. he says, i will not allow the share of the taxes that the rich are paying to go up. that undoes $100 million worth of obama advertising in 5 minutes. >> sean: you know, it's funny. i said something very...
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all the tax cuts that go away. spending cut cuts that take effect. it's happening behind the scenes. i want to take a gauge of these guys in their nest to see what they're doing. what they're doing no, offense, is for the birds. all the analogies. see you tonight. >> eric: hello. i'm eric bolling with andrea tantaros, bob beckel, dana perino, brian kilmeade. it's 5:00 in new york city. this is "the five." ♪ ♪ laura logan is highly respected journalist who risked her life reporting on terrorism, recalls a days ago we showed you this gutsy interview with taliban commander in afghanistan. >> these are taliban attacks. this is part of our new military strategy. we have our people in afghan police and the army. >> what skills do the al-qaeda fighters bring? >> they are masters at everything. for example, making i.e.d.s. something we don't know how to do. but they are teaching us. they're master engineers and good with all weapons. >> news that the cbs news chief correspondent is calling out the obama administration for lying to american people. it's b
all the tax cuts that go away. spending cut cuts that take effect. it's happening behind the scenes. i want to take a gauge of these guys in their nest to see what they're doing. what they're doing no, offense, is for the birds. all the analogies. see you tonight. >> eric: hello. i'm eric bolling with andrea tantaros, bob beckel, dana perino, brian kilmeade. it's 5:00 in new york city. this is "the five." ♪ ♪ laura logan is highly respected journalist who risked her life...
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what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut? when he is asked how he will cut the deficit, he says economic the mathematics work by eliminating public funding for pbs. this is not new. this is what he has been saying every time he is asked a question. he says we can cut out pbs. for all you moms and kids, don't worry, somebody finally has found out the big bird. who knew he was driving our deficit? elmo is making a run for the border and oscar is hiding in a trash can. governor romney will let wall street run rampant but he will bring down the hammer on sesame street. that is not leadership. that is salesmanship. we cannot afford it,. we cannot afford to double down on top down economics. we cannot afford another round of tax cuts for the well. we cannot afford to roll back regulations on wall street banks or insurance company. we cannot afford to cut our investments in education or clean energy or research or technology. that's not a jobs plan. does not plan to grow the economy. that is not change. that is a relapse. we have be
what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut? when he is asked how he will cut the deficit, he says economic the mathematics work by eliminating public funding for pbs. this is not new. this is what he has been saying every time he is asked a question. he says we can cut out pbs. for all you moms and kids, don't worry, somebody finally has found out the big bird. who knew he was driving our deficit? elmo is making a run for the border and oscar is hiding in a...
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questions about taxes and health care. the bar is high for the president and predicts romney's aggressiveness is not a fun balance. >> he has the facts. he drills you. he is tenacious. that is the difference between four years ago and this time. >> reporter: the bottom line, democrats say, is who has specifics. >> the american people at home are looking for details. i think you will see president obama continue to do that. >> reporter: nbc's latest poll puts the president three points ahead with romney gaining ground. >> voters are less likely to be hispanic and percentage of people 18 to 29-year-olds dropped. as a consequence of the po poll being slightly older, it moves to mitt romney. >> reporter: more interesting, the battle ground states. romney closing the gap in virginia and florida, but not ohio where the president is maintaining a strong lead into the debate. and despite what we found in the nbc poll, 4 in 10 americans are interested in the debates, but 60% are going to watch. tracie potts, nbc news. >> you can wa
questions about taxes and health care. the bar is high for the president and predicts romney's aggressiveness is not a fun balance. >> he has the facts. he drills you. he is tenacious. that is the difference between four years ago and this time. >> reporter: the bottom line, democrats say, is who has specifics. >> the american people at home are looking for details. i think you will see president obama continue to do that. >> reporter: nbc's latest poll puts the...
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. >> bob: i do think that obama will ask romney to explain the tax plan. ryan said it was too complicated to explain. >> eric: obama is not going to ask romney anything. >> bob: listen, they all end up asking each other questions. >> eric: what i would do if i'm romney, no matter what they ask, just go right back to the economy. just go right back to the economy. throw numbers out there. just stay on this. >> andrea: going tough and hard. but he can't go too hard and too tough, then the media says he's angry, now he's an angry rich man. >> bob: come up with the numbers you talk about. obama has to defend numbers but so does romney. >> eric: what number does he have to defend? >> bob: how he will cut taxes and balance the budget? >> dana: he has a good answer. obama has a tougher time explaining how in 2008, he ran on one thing regarding taxes. in 2010 he changed his mind to protect his tail. then now his whole plan is against what he said in 2010, is worst thing to do for the country. >> bob: that debate has been out there and argued over and over for four
. >> bob: i do think that obama will ask romney to explain the tax plan. ryan said it was too complicated to explain. >> eric: obama is not going to ask romney anything. >> bob: listen, they all end up asking each other questions. >> eric: what i would do if i'm romney, no matter what they ask, just go right back to the economy. just go right back to the economy. throw numbers out there. just stay on this. >> andrea: going tough and hard. but he can't go too hard...
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Oct 10, 2012
10/12
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your man's the only guy who thinks tax reform means higher tax rates. you're the only one. >> can i please respond here? >> i want you to. >> in every single budget he has produced, there has been a cap on itemized deductions for people above $250,000. they can only deduct the 28%, not 35% or 39%. and it raises half a trillion dollars over ten years. it's in every one of his budgets. please don't tell me it's not. i can show you where it is. >> arthur laffer, explain this to me. >> the key here is lowering rates. jared, i do agree with you, we need to raise taxes. but we don't need to raise tax rates. what we need to do is increase growth output employment and get -- you can't balance the budget on the backs of the unemployed. it just doesn't happen. >> i agree. art, you are 100% right. and by the way, i'm not where you guys are on the lower -- >> you will be with us soon, jared. >> you're elasticties for your tax rate declines are way too large, in my humble opinion. but i'm ready to go with you if you can identify how you're going to fill that hole. m
your man's the only guy who thinks tax reform means higher tax rates. you're the only one. >> can i please respond here? >> i want you to. >> in every single budget he has produced, there has been a cap on itemized deductions for people above $250,000. they can only deduct the 28%, not 35% or 39%. and it raises half a trillion dollars over ten years. it's in every one of his budgets. please don't tell me it's not. i can show you where it is. >> arthur laffer, explain...
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Oct 2, 2012
10/12
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KPIX
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tax experts said today 90% of american families are facing llat they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. intt? >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every american household. without action by congress, the report says, taxes will go up next year by 20%-- $536 billion overall and will hit americans at every income level, including those living below the poverty line. for a middle-income family making $40,000 a year, taxes will go up by $2,000. the increases are so large secause the nation's biggest tax cuts all expire three months from now on new year's day. cludeinclude the bush-era federal income tax cuts, the payroll tax cut that lowered social security and medicare taxes, and several remaining stimulus tax cuts all go away january 1 unless congress and the president reach a deal on the budget. e ny economists are concerned that a tax increase of that size could shock the ec
tax experts said today 90% of american families are facing llat they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. intt? >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every american household. without action by congress, the report says, taxes will go up next year by 20%-- $536 billion overall and...
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Oct 10, 2012
10/12
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my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china, and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. . >>> we continue on the news edge at 6 with natitude. washington supporting the reds and the nats push ahead on the road in the world series and that is a bummer how things turned out. and there is tomorrow. >> there is tomorrow and could be only tomorrow. they have to win tomorrow and go home for the sea road to the world series ends abruptly. 45,017, the most on hand to take to a washington nationals game for good season reason. the first time in 79 years that the play-off baseball is there. the grumblings about the team not winning without steven straussburg and could be overshadowed by more grumblings and that is with an 8-0 and you can't win if you don't score runs. the other headlines, the fans of the nats and sue, as know, i root for the nationals almost as anyone else. >> and wait a minute. >> as
my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china, and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. . >>> we continue on the news edge at 6 with natitude. washington supporting the reds and the nats push ahead on the road in the world series and that is a bummer how things turned out. and there is tomorrow. >> there is...
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Oct 3, 2012
10/12
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i'm editor of the tax blog, tax blocks, and we're here to discuss taxes and the fiscal cliff. washington lives in sue perlatives. everything that happens here is the biggest, the worst, or the most important. how many times, for instance, have you been told that some politician is about to give the speech of his life until he gives the next speech? the taxmeggedon has the potential to be a watershed in fiscal policy. it's true. it could be another way to kick the can down the road, but it could be a tipping point to end a decade of fiscal gridlock. yesterday, the tax policy center released a new study on the cliff, and we'll talk in details, but to summarize, it found tax increases due to occur at the end of 2012, if they last for all of 2013, would raise taxes by $500 billion. the average household would pay $3500 more if this year's rules are in place. cbo says these tax hikes and hundredings of billions of dollars in discretionary spending cuts drives the economy back in recession and cost 2 million jobs. on the other hand, it also goes a long way in reducing the budget def
i'm editor of the tax blog, tax blocks, and we're here to discuss taxes and the fiscal cliff. washington lives in sue perlatives. everything that happens here is the biggest, the worst, or the most important. how many times, for instance, have you been told that some politician is about to give the speech of his life until he gives the next speech? the taxmeggedon has the potential to be a watershed in fiscal policy. it's true. it could be another way to kick the can down the road, but it could...
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Oct 5, 2012
10/12
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vo: why won't romney level with us about his tax plan, which gives the wealth y huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> san francisco is considering allowing apartments around the same size as the when you see here, 150 square feet. cities like new yorker allowing the michael apartments that are of a parkinge space. >> imagine that tiny package a stand-alone house? greta kreuz introduces us to one 150 square foot home. >> you are in the great room. this is the living room. >> welcome to her tiny house. the main floor with the seating area, kitchen and bathroom. upstairs in the loft, an air mattress. thes a rebellion against mcmansions. >> not every kid needs his own play room. it is going back where you had with people. she built it for her master's .hesis is part of the online public university system. great to be able to see has done and how applied her degree program. >> the tiny, movement has grown and it is green. it
vo: why won't romney level with us about his tax plan, which gives the wealth y huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> san francisco is considering allowing apartments around the same size as the when you see here, 150 square feet. cities like new yorker allowing the michael apartments that are of a parkinge space. >>...
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Oct 5, 2012
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that is why i voted to continue the last set of tax cuts because the republicans held middle-class tax cuts hostage to the tax cuts for the wealthy. my fight was to expand the child tax credit. my fight was to create the educational opportunity tax credit that help new jerseyans get their kids educated, and my fight that i lead with a republican colleague was to ensure that more than 2 million new jerseyans don't get hit by the alternative minimum tax in additional tax they should never be subject to. i succeeded working with republican colleagues. >> here are the facts. everybody's tax rates are going to go up in january. that is the plan. that is the schedule. i think i just heard that is what the senator and braces and wants. it's not about millionaires or billionaires. it's about the middle-class. that you supposedly care so much about, because those are the people that work for the small businesses that will be disproportionately impacted. one out of six people in america who work in the private sector will be impacted by these tax rates. the national federation of independent bus
that is why i voted to continue the last set of tax cuts because the republicans held middle-class tax cuts hostage to the tax cuts for the wealthy. my fight was to expand the child tax credit. my fight was to create the educational opportunity tax credit that help new jerseyans get their kids educated, and my fight that i lead with a republican colleague was to ensure that more than 2 million new jerseyans don't get hit by the alternative minimum tax in additional tax they should never be...
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Oct 6, 2012
10/12
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about lowering taxes isn't as attractive to them. therefore i'm not likely to draw them into my campaign. >> joining me now is karen finney former communications director for the dnc and msnbc analyst. karen, great to have you with us. >> good to see you, ed. >> was it a brilliant strategy on the part of the obama team for the president not to use the 47% remark to give an opening to mitt romney because a huge platform of 60 some plus million people. what about that? >> you know, that may very well be. i mean, the thing that, although that is so insulting is, think about it. just the clip you just played, the night that came out, the next day where did he go? fox news. with neil cavuto. again, he really stood by those comments. he said, well, i could have said them a little better but i really stand by the message. for the last two weeks he has been saying i stand by this message that those people, you know, that language, even in his ads he talks about those people, that they wouldn't be attracted to his message of lower taxes? i me
about lowering taxes isn't as attractive to them. therefore i'm not likely to draw them into my campaign. >> joining me now is karen finney former communications director for the dnc and msnbc analyst. karen, great to have you with us. >> good to see you, ed. >> was it a brilliant strategy on the part of the obama team for the president not to use the 47% remark to give an opening to mitt romney because a huge platform of 60 some plus million people. what about that? >>...
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Oct 8, 2012
10/12
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john boehner is trying to work a deal with the president to do tax reform and entitlement reform and his deputy, the majority leader, calls people like paul ryan, who is now running for vice president. .. >> if you keep doing this, you are going to risk your speakership. the president said when i talked to him, interestingly enough, he said in fixing -- he realizes the magnitude of all of this, as does speaker boehner, key democrats, key republicans realize what it is. and the president literally said to me, i would willingly lose an election if i could solve these problems. it is that serious. tim geithner, the treasury secretary, in the book is quoted thousands of words telling the president, you have got to do something about this problem. we have to fix it. you literally, it's not that we're going to close down the government, we will close down the american economy and, in turn, the global economy. if they do not solve the issue of this runaway spending, get some way to stop borrowing in excess, he tells the president of the united states if we default on this, on our obligation
john boehner is trying to work a deal with the president to do tax reform and entitlement reform and his deputy, the majority leader, calls people like paul ryan, who is now running for vice president. .. >> if you keep doing this, you are going to risk your speakership. the president said when i talked to him, interestingly enough, he said in fixing -- he realizes the magnitude of all of this, as does speaker boehner, key democrats, key republicans realize what it is. and the president...
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Oct 3, 2012
10/12
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that would definitely raise taxes on some taxpayers, even if romney's able to bring the overall tax rates down, which he says he wants to do. who gets hurt in this scenario? people with huge mortgages. people who donate a lot of money to charity and people who have overall high deductions. they might lose more here than they gain by the rates being lowered overall. that is who's going to get squeezed under this proposal but the romney campaign saying not a specific idea, just kicking around things verbally in the debate. >> amman, thanks. john, what should president obama's objective be? >> he has the same agenda with any football team that has a lead late in the game. don't turn the ball over. he doesn't need to score. he doesn't need to move the ball. he just needs to prevent from the kind of catastrophic mistake that has occurred from time to time in presidential debates. not often. and president obama's not prone to mistakes very often. so he's got a low bar for what he wants to accomplish. we do know that a challenger merely by taking the stage with an incumbent president sell vated
that would definitely raise taxes on some taxpayers, even if romney's able to bring the overall tax rates down, which he says he wants to do. who gets hurt in this scenario? people with huge mortgages. people who donate a lot of money to charity and people who have overall high deductions. they might lose more here than they gain by the rates being lowered overall. that is who's going to get squeezed under this proposal but the romney campaign saying not a specific idea, just kicking around...
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Oct 8, 2012
10/12
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reason why is easy -- jobs and its taxes. but when you saw these doors open earlier today, thousands of people streamed in within minutes. obviously there is a lot of demand of what's going on here. they're here for one thing and one thing only -- that's to gamble. one-third of all the money made to penn national gaming goes back to the state and city in taxes. the city of columbus expects to get at least $15 million directly next year and that will go a long way. of course, interestingly when you spoke to t i spoke to the city's mayor today, he was just as focused on job creation. the city needed 3,500 workers to build it and 2,000 employees . >> the more jobs you have in a community, the more income there is to the city. >> ohio's considered a swing state. right? but unemployment here has been running well below the national average. we look at a few dealers doing their thing here. been below the national average for a while. looks like today a lot of people played hookie. at least 5,000 people have been here. there are a f
reason why is easy -- jobs and its taxes. but when you saw these doors open earlier today, thousands of people streamed in within minutes. obviously there is a lot of demand of what's going on here. they're here for one thing and one thing only -- that's to gamble. one-third of all the money made to penn national gaming goes back to the state and city in taxes. the city of columbus expects to get at least $15 million directly next year and that will go a long way. of course, interestingly when...
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Oct 3, 2012
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. >> the romney/ryan tax plan will raise taxes on middle-class families with a child, one or more children, by an additional $2,000 a year. how -- all kidding aside, with all the boos, look, guys, this is deadly earnest, man. this is deadly earnest! how they can justify, how they can justify raising taxes on the middle class that's been buried the last four years, how in lord's name can they justify? >> god bless him. >> mark mckinnon -- i love him. mike, we love him. we love him! has anybody not told him, they've been in the white house for the past four years? buried? the middle class has been buried over the past four years. >> joe, i am being deadly earnest now, man. deadly earnest. okay? on how anybody -- how anybody can attempt to bury the vice president is beyond me. >> i'm not trying to bury him. i got a good laugh out of it. mark mckinnon, you think we may hear the middle class has been buried over the past four years? >> 47%, especially tonight. >> and it's fresh. >> it's fresh, it's new, it's relevant. the one other thing i'd mention, joe, just look at the general mood of the co
. >> the romney/ryan tax plan will raise taxes on middle-class families with a child, one or more children, by an additional $2,000 a year. how -- all kidding aside, with all the boos, look, guys, this is deadly earnest, man. this is deadly earnest! how they can justify, how they can justify raising taxes on the middle class that's been buried the last four years, how in lord's name can they justify? >> god bless him. >> mark mckinnon -- i love him. mike, we love him. we love...
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Oct 9, 2012
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there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, ronl is at 47%. i think the president, the fundamental structure of the race hasn't been changed, but if he doesn't go on the attack, if biden doesn't do a good job against ryan, and if the president doesn't show up and isn't strong in the second debate, then you're going to have a tossup race. >> well, i would disagree with your approach, first of all. i don't approach that way. that's going back and relate gating all the old arguments. in spirit what i would do unlike shrumy, i would take the big issue that is separate the candidates, don't get into the little trench warfare about what's your tax plan and where were you on medicare two weeks ago. i would say whe
there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, ronl is at 47%. i think the president, the fundamental structure of...
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Oct 5, 2012
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i want to lower tax rates. i want to make sure america doesn't have the highest corporate tax rate in the world, which is what we have now to lower the rates for everybody. you know, my opponent supports a plan that will increase the rates for everybody, beginning in january. he doesn't need to vote on it. it doesn't have to be considered. this is not a theory. this is on schedule. and so, when that happens, you can be sure we are going to lose jobs. we are going to stunt the economy. and so, the debt problem of our country is a severe one. it is that a crisis point. we need to grow revenue and we need to look at spending emanates a look at everything through a present of what do we need, what can we afford, that which we may want what we want, but really can't afford we have to look in a very careful and honest way, unlike a way we been doing it. >> senator menendez. >> well, i would like to lower corporate rates, to, but you have to offset it by closing tax loopholes because otherwise you drive up to and that
i want to lower tax rates. i want to make sure america doesn't have the highest corporate tax rate in the world, which is what we have now to lower the rates for everybody. you know, my opponent supports a plan that will increase the rates for everybody, beginning in january. he doesn't need to vote on it. it doesn't have to be considered. this is not a theory. this is on schedule. and so, when that happens, you can be sure we are going to lose jobs. we are going to stunt the economy. and so,...
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Oct 9, 2012
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can he please tell us where he is going to get his tax deduction? have no answer. >> andrea: romney is trying to make a serious point, and use humor. obama is acting like a fifth grader. first, he's a bully. meanie, now he doesn't like puppets. liar, liar, pants on fire, you don't like my puppet. you're not a serious president. he lacks maturity. >> brian: he is going to sit down with democrats about republicans and work it out. is that a conference call in the morning? i watched the debate. >> dana: we don't have a conference call. maybe we'd be more organized and have the same line. coming up, we have a preview of the v.p. showdown coming up thursday. later, stacy dash, the african-american actress in the movie "clueless" supports mitt romney. now she is a victim of racially charged attack. brian has that story when we come right back. ♪ ♪ ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remissio
can he please tell us where he is going to get his tax deduction? have no answer. >> andrea: romney is trying to make a serious point, and use humor. obama is acting like a fifth grader. first, he's a bully. meanie, now he doesn't like puppets. liar, liar, pants on fire, you don't like my puppet. you're not a serious president. he lacks maturity. >> brian: he is going to sit down with democrats about republicans and work it out. is that a conference call in the morning? i watched...
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Oct 2, 2012
10/12
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we're talking about the bush era tax cuts going away, the social security tax payroll cuts, which are making your payroll checks a little fatter every week or every two weeks. but this isn't something that just affects poor people. they're getting hit, they're losing their credit. it also affects wealthy people. they're really getting slammed. 20% increase on the dividends. capital gains are going up. it's just an across-the-board everyone gets hurt kind of nightmare. congress says it wants to fix it, but how. that, jon, is the big question mark. >> brian mooar, we will keep a close eye on that one. thank you very much. >>> it all goes hand in hand as we look at decision 2012. president barack obama, republican presidential candidate mitt romney taking the day off from the campaign trail to prepare for tomorrow's big showdown. it's the first of three debates that will take place in denver. both president obama and mitt romney running through full rehearsals to hone in on those talking points. as of this morning president obama has a lead in all nine of the key battleground states. bot
we're talking about the bush era tax cuts going away, the social security tax payroll cuts, which are making your payroll checks a little fatter every week or every two weeks. but this isn't something that just affects poor people. they're getting hit, they're losing their credit. it also affects wealthy people. they're really getting slammed. 20% increase on the dividends. capital gains are going up. it's just an across-the-board everyone gets hurt kind of nightmare. congress says it wants to...
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Oct 4, 2012
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when we spoke with sapd within the past hour, the officer wondered if the city's still had its gang tax force if that task force was still intact. a group of friends were celebrating one of their birthdays outside a house. one of them tells us two member, gang members, he believes, barged into the party and shot and killed his friend. a man in his 30s with a wife and child. he doesn't understand why his friend would be targeted, says he wasn't a gang-banger. described him as being too old for that kind of lifestyle. >> we were hanging out. there was no gang-bangers involved. there was nobody that gang-bangs here with no colors whatsoever. just outside barbecuing. all you hear is about three to four guys outside koog barbecue, run into the house. and you hear, shots fired! the guy who got shot dropped in the floor. >> i grew up around the corner from the homicide out in dobern. this is the worst spike in violence i've seen in the time that i've been living here. and growing up in that area, we were exposed to violence. but it's something i've never seen. >> reporter: about four hours ear
when we spoke with sapd within the past hour, the officer wondered if the city's still had its gang tax force if that task force was still intact. a group of friends were celebrating one of their birthdays outside a house. one of them tells us two member, gang members, he believes, barged into the party and shot and killed his friend. a man in his 30s with a wife and child. he doesn't understand why his friend would be targeted, says he wasn't a gang-banger. described him as being too old for...